Deals

ITE Group has announced its third-quarter dip in profits are in line with expectations, as the company prepares to take a majority stake in one of India’s largest privately owned exhibition organisers.

ITE CEO, Russell Taylor, said he was excited about plans to increase the group’s 28 per cent stake in Mumbai-based organiser Asian Business Exhibition and Conferences (ABEC), one of the country’s largest privately owned organisers.

“We have the opportunity over autumn to turn that into a 60 per cent owned associate,” he added.

Asian Business Exhibitions & Conferences Ltd. is the ruling monarch of the Indian private exhibition sector, bestowing excellence from concept to completion!

We specialize in conceptualizing over 70 shows across 10 verticals in over 19 major cities pan India and are the pioneers in the Indian trade exhibition and conference market propelling businesses for over two decades by creating unique platforms, where your company can connect with the local and global enterprises of every stature in order to generate better business avenues. After successfully handling multiple verticals and hosting “Acetech” – Asia’s largest and world’s 3rd largest Infrastructure & Architecture show, ABEC is working relentlessly towards creating novel exhibition formats that can craft innovative trade solutions and global business networks.

Established in 1993 as Asian Business Exhibitions & Conferences Ltd. envisioned a future where world-class trade shows and content led conferences would unleash a new world of possibilities for the top-class global brands as well as buyers and sellers of every magnitude. Today, with persistent commitment to excellence and innovation we have become the Largest Private Sector Organizer of International Shows with almost 10% share of the Indian Exhibition Market.

With corporate offices in Mumbai, Delhi and Bangalore and support staff in several other cities ABECL churns out outstanding trade shows pan India. Managed by a dynamic group of experts who not only specialize in organizing top-notch trade shows but also have strong associations with distinguished trade organizations, government bodies and eminent industry professionals, every ABECL trade-show is successful in generating maximum value for all its clients.

Larger than life format, extensive publicity with celebrity endorsement, remarkable media associations, outstanding seminars, special in-show initiatives, interesting workshops – at ABECL we don’t keep any stone unturned to make our events absolutely unforgettable and offer our clients utmost commercial escalation. With newer show formats being successfully accomplished across 19 cities in India, ABECL is now eyeing newer horizons, ready to extend its presence to the rest of Asia.

Around 60% of suppliers to the UK’s event industry are facing collapse within three months unless event businesses receive further support from the government. Of those businesses, 6% said they are unlikely to make it to the end of April.